Shipyards in South Korea and Japan experienced a surge in activity in August, with exports having climbed 164.5% and 12.8% year over year respectively. When added to activity in China, the total of the three was 30.2% higher. Yet, order activity in China suggests there may be a rougher patch ahead. New orders in China slumped 19.7% year over year to the lowest one month total since Oct. 2016, around the time that Hanjin Shipping’s financial failure. That’s left the remaining orders at Chinese shipyards at their lowest since at least 2012. In South Korea the merger of DSME ...